10 Days Of Strength For Crude Coming

The Gold Cycle might be confusing to read, but there is no such lack of clarity with Crude.  The current action makes analysis straightforward because we now have a textbook Cycle low in place.  Very few Daily Cycles make it beyond 45 days, and this slightly longer Cycle was likely compensating for a shorter 1st Daily Cycle.
This deep in a Cycle, key reversals in price almost always turn out to be new Cycles.  We have seen a solid Swing Low result in a clean break of the down-trend, and price end the week with a close above the 10dma.  In addition, our technical indicators turned higher, perfectly supporting a new Cycle.

With a 3rd Daily Cycle now in play, we should be prepared to see at least 10 sessions higher before we entertain the possibility of a Left Translated Cycle.  With normal Crude Investor Cycles, we typically see just 3 Daily Cycle span a total of 20-24 weeks.  Excepting the last IC, which was an extended 32 weeks, all recent Crude Cycles have been reliably within that range.  (more)
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